parissap

ETH AB=CD or double top

INDEX:ETHUSD   Ethereum
#ETHUSD
$ETH is still above long term ascending support line, if price hold this support and stay above SMA50 the bullish target can be at least $5k a new all time high.

here is a bearish scenario: if #ETH going to complete double top pattern and break the support line, next support is around the neck line $1900, and if break this zone too then will dump to $500 that is the target of double top pattern.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.